Irish companies raise record $401 million in VC funding | Business Post

Conor and James McCarthy, co-founders, Flipdish: the food ordering platform hit a $1.25 billion valuation after raising $100 million from backers. Picture: Fergal Phillips

Irish companies raised $401 million in venture capital investment across 25 deals in the January to March period, the highest value ever recorded in a first quarter. New figures show a strong start to 2022 after a record year in 2021, when 287 VC deals with a combined value of $1.87 billion took place.

The figure, compiled by KPMG using data provided by PitchBook, the research platform, shows activity levels soared locally even as investment dropped globally from a...

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